News Explorer — Brian Armstrong: Coinbase 'Not Planning' to Launch Token for Layer-2 Network Base

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Dec 1, 2:01 pm

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Brian Armstrong: Coinbase 'Not Planning' to Launch Token for Layer-2 Network Base

Coinbase CEO Brian Armstrong stated that the exchange has no plans to launch a token for its layer-2 network Base, seemingly contradicting an earlier statement by Coinbase Chief Legal Officer Paul Grewal. Armstrong emphasized that Base has been successful since its launch and that the exchange is focused on integrating it with various applications. He also expressed the goal of making layer-2 the default on the Coinbase platform to improve transaction speed and cost.

Coinbase CEO Brian Armstrong stated that the exchange has no plans to launch a token for its layer-2 network Base, seemingly contradicting an earlier statement by Coinbase Chief Legal Officer Paul Grewal. Armstrong emphasized that Base has been successful since its launch and that the exchange is focused on integrating it with various applications. He also expressed the goal of making layer-2 the default on the Coinbase platform to improve transaction speed and cost.

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